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Company Registration No. 10528149 (England and Wales)
SAIGA PROPERTY LTD Unaudited accounts for the year ended 31 December 2022
SAIGA PROPERTY LTD Unaudited accounts Contents
Page
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SAIGA PROPERTY LTD Company Information for the year ended 31 December 2022
Director
Muhammad Abubakar KHAN
Company Number
10528149 (England and Wales)
Registered Office
100 DERBY ROAD BOOTLE LIVERPOOL L20 1BP ENGLAND
Accountants
PRIME ACCOUNTANTS 10 LOCKWOOD HOUSE LOCKWOOD PARK HUDDERSFIELD HD4 6EN
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SAIGA PROPERTY LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
28,298 
236,379 
Tangible assets
2,358 
2,095 
Investment property
1,026,256 
900,000 
Investments
100 
100 
1,057,012 
1,138,574 
Current assets
Debtors
592,723 
451,025 
Cash at bank and in hand
798 
- 
593,521 
451,025 
Creditors: amounts falling due within one year
(18,288)
(35,226)
Net current assets
575,233 
415,799 
Total assets less current liabilities
1,632,245 
1,554,373 
Creditors: amounts falling due after more than one year
(1,403,211)
(1,305,328)
Provisions for liabilities
Deferred tax
(74,986)
(46,178)
Net assets
154,048 
202,867 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
153,948 
202,767 
Shareholders' funds
154,048 
202,867 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2024 and were signed on its behalf by
Muhammad Abubakar KHAN Director Company Registration No. 10528149
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SAIGA PROPERTY LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
SAIGA PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 10528149. The registered office is 100 DERBY ROAD, BOOTLE, LIVERPOOL, L20 1BP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2022
236,379 
Additions
10,000 
Disposals
(149,978)
Revaluations
(68,103)
At 31 December 2022
28,298 
Amortisation
At 1 January 2022
- 
At 31 December 2022
- 
Net book value
At 31 December 2022
28,298 
At 31 December 2021
236,379 
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SAIGA PROPERTY LTD Notes to the Accounts for the year ended 31 December 2022
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2022
2,641 
Additions
1,329 
At 31 December 2022
3,970 
Depreciation
At 1 January 2022
546 
Charge for the year
1,066 
At 31 December 2022
1,612 
Net book value
At 31 December 2022
2,358 
At 31 December 2021
2,095 
6
Investment property
2022 
£ 
Fair value at 1 January 2022
900,000 
Additions
11,256 
Net gain from fair value adjustments
115,000 
At 31 December 2022
1,026,256 
7
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2022
100 
Valuation at 31 December 2022
100 
8
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
(555)
- 
Other debtors
- 
451,025 
(555)
451,025 
Amounts falling due after more than one year
Other debtors
593,278 
- 
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SAIGA PROPERTY LTD Notes to the Accounts for the year ended 31 December 2022
9
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
18,288 
7,289 
Taxes and social security
- 
1,237 
Other creditors
- 
24,000 
Accruals
- 
2,700 
18,288 
35,226 
10
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
681,880 
693,253 
Other creditors
- 
612,075 
Loans from directors
721,331 
- 
1,403,211 
1,305,328 
11
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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